Vanguard introduces new series of funds

10 September 2019
| By Chris Dastoor |
image
image
expand image

Vanguard has announced its new Manager Select Series, a range of low cost actively managed funds.

The new funds included the Active Global Growth Fund managed by Baillie Gifford, Active Emerging Markets Equity Fund managed by Wellington Management, and Active Global Credit Bond Fund managed by Vanguard’s Fixed Income Group.

The two equity funds were currently available, with the bond fund to be available in the coming weeks.

All funds would be wholesale offerings available directly from Vanguard subject to investment minimums and in time through adviser distribution platforms.

Evan Reedman, head of product and marketing at Vanguard Australia, said despite being known for their index management they have a history of active fund management.

“This new series of funds follow our introduction of a range of active factor fund and ETF offerings over the past couple of years, with Vanguard broadening low cost choice across a range of investment styles to suit investors’ individual needs and objectives,” Reedman said.

The base fee of the Global Growth Fund would be 0.60% p.a., 0.88% p.a. for the Emerging Markets Equity Fund, and 0.40% p.a. for the Global Credit Bond Fund.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

18 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 3 days ago